How can I eliminate losses in stock market?

"Having 10 ways to enter the market makes it harder to enter accurately"

My journey to consistency was long and at the start, I was losing money month after month.

But after years, that all changed and fast forward to today, I am living off trading.

So how did I transform from a consistently losing trader to a consistently profitable one?

• I simplified my entries:

Having 10 ways to enter the market makes it harder to enter accurately. Focus on 1 or 2 simple ways and see how much easier it is to enter the market accurately.

• I cut out some time frames:

I used to use top-down analysis but as a day trader, there is no need to use so many time frames. Now I use just 2 time frames. Simplicity.

• I cut down my trading hours:

In the last year, I have traded a maximum of 3 hours per day and it has boosted my results through the roof. You don’t need to spend all day on your charts.

• I started taking fewer trades:

You don’t need to catch every move the market makes. I bet even if you took 1 good trade a week, you would get better results than you have now.

Credit: Quora

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